20170110_BSC_Vietnam Daily Review_EN_ The pressure dropped from Bank group

Highlight
Market index was volatile in the morning session, which affected the market price of SAB, while banking stocks led the previous session showing signs of decline in the level of new support and liquidity also significantly reduced compared to previous trading session. The  VN30 kept pace with increases in the session and was the consensus from the large-cap stocks, which may include MSN, HPG, FPT, DPM, VNM, indirectly causing the Steel industry, Technology, Rubber rebounded today. General correction occurs among Banks, Oil and gas, and Real estate for the majority of stocks with large capitalization. Ending the trading session, the VN-Index closed at 681.07 points, down 1.5 points from the previous session.

Market commentaries
Market indexes are being influenced by the correction of bank stocks today, maintaining low liquidity and no spillovers to the stocks by capitalization as well as market sector. Market size has not improved when there is the equivalent of the number of stocks increases and decreases, 210 stocks gained while 209 declining stocks on the two floors. However, selling pressure in the short term interest of some stocks in particular, the lack of motivation breakthrough large-cap stocks and the caution of investors towards the stocks market at low prices led the market index in the short term cannot reach the resistance at 690. Market index may have to test the support level of 680 points in the next session if the demand was not more positive, investors should limit the participation of stocks with market factors in liquidity conditions weaken.